Media Coverage

CNBC: Bank Fee Avoidance Possible Despite Loss of Free Checking

If your checking account balance is unexpectedly low, bank fees may be to blame. But that doesn't mean you have to pay up.

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That's good news, because overdraft fees—which average $35—continue to surprise consumers. A 2012 study from The Pew Charitable Trusts found that 54 percent of people who had been charged an overdraft fee said they hadn't opted in to bank programs allowing them to overdraw their account.

"That shows to us there's this rampant amount of confusion out there about how the system works," said Susan Weinstock, director of Pew's Safe Checking initiative.

Read the full article at cnbc.com.

Projects:
Safe Checking in the Electronic Age
 
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